Albany, NY—Transparency Market Research (TMR) estimated that the global curcumin market will attain a revenue of US$ 465.8 million by 2026 with a CAGR of 6.5%, according to a press release regarding “Curcumin Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026” by TMR.
The release noted that the global curcumin market has a highly competitive vendor landscape, thanks in part to a growing number of new entrants into the market. Key players are introducing new bio-based products, which are helping them to propel the growth of the market.
TMR found that besides a growing world population, which is increasing demand for the food, and besides the growing disposable income empowering the middle class in India and China, bio-based cosmetics and skincare products are growing in demand. The demand for plant-based skincare, combined with a greater understanding of curcumin’s benefits, is propelling the growth of the curcumin market.
The study segmented the market into organic vs. conventional and powder vs. liquid, and segmented it further by application, end use, and geography.
A sample of report is can be requested here.